Shareholders in Houston-based ConocoPhillips were informed Wednesday their investments are making a profit.
The company announced a quarterly dividend of 42 cents a share. The dividend will be payable Sept. 1 to stockholders of record at the close of business on July 20, 2020.
Shares in ConocoPhillips closed down 99 cents in Tuesday’s trading for a 2.38% decline, finishing the day at $40.64 a share. On Monday’s trading, shares fell 15 cents to $41.63.